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      13th Kazan Summit 2022 gathers over 6,000 visitors from 64 countries

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      Electric car sales hit record high of 6.6 million in 2021

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      Canada bans Huawei from participating in country’s 5G wireless networks

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      Saudi oil giant Aramco reports over 80% profit rise in 1Q22

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      Sustainability, eco-mobility offers new areas for Turkiye-Israel economic ties

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US manufacturing PMI continues to drop in December

- US Manufacturing Purchasing Managers Index down to 57.7 in December, from 58.3 in November

home > World, Americas 04.01.2022 10:18

US manufacturing PMI continues to drop in December

The US Manufacturing Purchasing Managers Index (PMI) declined to its lowest level since October 2020, according to London-based global data provider IHS Markit on Monday.

The index, which measures the activity level of purchasing managers in the manufacturing sector, fell to 57.7 in December, down from 58.3 in the previous month. The flash estimate was 57.8.

'The improvement in the health of the US manufacturing sector was the slowest in 2021 amid subdued output and new order growth,' the firm said, adding: 'Ongoing efforts to build safety stocks and a severe deterioration in vendor performance, ordinarily signs of improving conditions, continued to lift the headline PMI, however.'

It stressed that manufacturers noted further constraints on production due to severe material shortages and input delivery delays.

Sian Jones, a senior economist at IHS Markit, said: 'Adding to the sector’s challenges was an ebb in client demand from the highs seen earlier in 2021, with new orders rising at the slowest pace for a year, largely linked to a reluctance at customers to place orders before inventories were worked through.'

Jones added that shortages continued to be important and 'the end of the year brought with it some signs that cost pressures have eased.'

By Gokhan Ergocun

Anadolu Agency

energy@aa.com.tr


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Global companies continue to abandon Russia

- Over 100 Western companies have left the Russian market or suspended their operations since Moscow started its war on Ukraine
18.05.2022 World , Eurasia

Russia to shift energy resources to non-European regions: Putin

- Europe's sanctions will harm European economy and increase Russia's oil and natural gas revenues, Putin says
18.05.2022 Natural Gas , Oil , Europe , Eurasia

Brent oil prices rise despite surging dollar value

- Unusual upward movement of Brent and US dollar in tandem as investors see latter as safer investment, says Energy Info. Admin.
18.05.2022 Oil , World

Spot market natural gas prices for Monday, May 16

- 1,000 cubic meters of natural gas on spot market costs 11,903.55 Turkish liras
17.05.2022 Natural Gas , Turkey

Spot market electricity prices for Wednesday, May 18

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.05 billion Turkish liras
17.05.2022 Electricity , Turkey

EU issues guidance on Russian gas payments in rubles

- New guidance allows European companies to make payments to Russia without violating sanctions by fulfilling certain conditions
18.05.2022 Natural Gas , World , Europe , Eurasia

French Engie confirms readiness to convert to Russian payment system

- Statement comes after Russia, in retaliation against Western sanctions, introduces new payment system requiring euro, dollar conversion to rubles in Gazprombank
18.05.2022 Natural Gas , Europe , Eurasia

Southeast Asia needs $190B a year by 2030 to meet climate goals

- IEA says major efforts required, including from international financing, to boost energy efficiency, renewable power and low emissions fuels
18.05.2022 Renewable , Projects , Invesments , Asia

Turkiye's daily power consumption up 11.15% on May 16

- Electricity exports amount to 12,070 megawatt-hours and imports total 14,474 megawatt-hours
17.05.2022 Electricity , Turkey

Oil down as EU fails to agree on banning Russian oil exports

- Weak Chinese economic data also exerts downward pressure on prices
17.05.2022 Oil , World

Spot market natural gas prices for Sunday, May 15

- 1,000 cubic meters of natural gas on spot market costs 11,874 Turkish liras
16.05.2022 Natural Gas , Turkey

Spot market electricity prices for Tuesday, May 17

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.12 billion Turkish liras
16.05.2022 Electricity , Turkey

Saudi Arabia plans to boost output by 1 million barrels per day: Energy minister

- Abdulaziz bin Salman says his country could maintain production at over 13 million barrels per day should global oil market require it
17.05.2022 Oil , World , Middle East-Africa

Turkiye's fourth drilling ship to arrive at Tasucu Port in Mersin on May 19

- After two-month stint in Mersin, the ship will be put to work in Eastern Mediterranean Sea
17.05.2022 Natural Gas , Oil , Renewable , Turkey

Russian gas transit to Europe via Sokhranivka to fall 25%: Gazprom

- Natural gas supplies via Ukraine decline from 62.7 million cubic meters to 48.6 million cubic meters on Monday, Russian gas firm says
17.05.2022 Natural Gas , Eurasia

Turkiye's daily power consumption down 12% on May 15

- Electricity exports amount to 8,930 megawatt-hours and imports total 14,508 megawatt-hours
17.05.2022 Electricity , Turkey

Oil down over lagging EU ban on Russian oil exports

- Demand concerns in China, as country tightens its zero-COVID policy are putting downward pressure on prices
17.05.2022 Oil , World

Spot market electricity prices for Monday, May 16

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.13 billion Turkish liras
16.05.2022 Electricity , Turkey

Spot market natural gas prices for Saturday, May 14

- 1,000 cubic meters of natural gas on spot market costs 11,863.54 Turkish liras
16.05.2022 Natural Gas , Turkey

Saudi oil giant Aramco reports over 80% profit rise in 1Q22

- Aramco's first quarter 2022 profits hit $39.5 billion compared to $21.7 billion in same period of last year
16.05.2022 Oil , World , Middle East-Africa

Turkiye's daily power consumption down 2.61% on May 14

- Electricity exports amount to 9,952 megawatt-hours and imports total 14,208 megawatt-hours
16.05.2022 Electricity , Turkey

Spot market natural gas prices for Friday, May 13

- 1,000 cubic meters of natural gas on spot market costs 11,518.94 Turkish liras
15.05.2022 Natural Gas , Turkey , General

Spot market electricity prices for Sunday, May 15

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 978.77 million Turkish liras
16.05.2022 Electricity , Turkey , General

Turkiye's daily power consumption up 1.90% on May 13

- Electricity exports amount to 11,791 megawatt-hours and imports total 14,648 megawatt-hours
15.05.2022 Electricity , Turkey , General

US oil rig count up by 6 for week ending May 13

- Number of US oil rigs rises by 211 compared to one year ago
15.05.2022 Oil , Americas , General

Oil prices battle supply concerns, recession fears in week ending May 13

- Oil starts week low as China fights COVID-19 leading to lower demand but ends higher as EU focuses on finalizing proposed ban on Russian crude
13.05.2022 Oil , Europe

Spot market electricity prices for Saturday, May 14

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.07 billion Turkish liras
13.05.2022 Electricity , Turkey

Turkiye's daily power consumption down 0.85% on May 12

- Electricity exports amount to 11,982 megawatt-hours and imports total 14,709 megawatt-hours
13.05.2022 Electricity , Turkey , General

Spot market natural gas prices for Thursday, May 12

- 1,000 cubic meters of natural gas on spot market costs 11,882.46 Turkish liras
13.05.2022 Natural Gas , Turkey

South Korean CS Wind eyes offshore wind investment in Turkiye

- Company aims to produce 50 tower sections per week with help of new plant in Izmir
15.05.2022 Renewable , Wind , Invesments , Turkey , Asia

Metal prices to increase with growing demand in coming years: World Bank

- Demand for metals for renewable energy infrastructure and electric vehicles likely to increase in near future, pushing metal prices up
14.05.2022 Renewable , Invesments , Renewable , Europe , Asia

Supply fears from pending EU crude ban push oil prices higher

- Drop in global oil supply fuels concerns of scarce production, driving prices higher
14.05.2022 Oil , International Relations , Europe , Eurasia

Russia's Gazprom will no longer use Polish section of Yamal-Europe gas pipeline

- Yamal-Europe gas pipeline has annual capacity of 33 billion cubic meters
14.05.2022 Natural Gas , Europe , Eurasia , General

EU ban on Russia could affect 3M barrels crude per day: Fitch

- Russia’s total production projected to decline by 2-3M barrels per day by end-2022, says global rating agency
13.05.2022 Oil , International Organization , World

Spot market natural gas prices for Wednesday, May 11

- 1,000 cubic meters of natural gas on spot market costs 11,869.81 Turkish liras
12.05.2022 Natural Gas , Turkey

Spot market electricity prices for Friday, May 13

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.17 billion Turkish liras
12.05.2022 Electricity , Turkey

OPEC revises down oil demand forecast for 2022

- Downward demand growth revisions take account of economic forecasts and other developments that could impact oil requirements, OPEC says
14.05.2022 Oil , World

Lukoil buys Shell’s retail and lubricants businesses in Russia

-Move is in line with Shell’s earlier announcement to withdraw from all businesses in Russia
12.05.2022 Oil , News from companies , World

South Korean CS Wind set to open second wind tower factory in Turkiye

- Izmir and its surrounds becomes strategic hub for CS Wind's production, company CEO says
13.05.2022 Renewable , Wind , Invesments , Turkey , Asia

Global oil supply down in April with Russian supplies shut-in

- Demand to reach around 99.4 million barrels per day in 2022, marking year-on-year rise of 1.8 million barrels per day
13.05.2022 Oil , World

Turkiye's daily power consumption up 0.65% on May 11

- Electricity exports amount to 7,877 megawatt-hours and imports total 10,218 megawatt-hours
12.05.2022 Electricity , Turkey

US crude oil inventories up 2% for week ending May 6

- Commercial crude oil stocks increase by 8.5 million barrels, against market expectation of 457,000-barrel draw
12.05.2022 Oil , Americas

Oil and gas companies gamble on emission mitigation technologies

- Net zero targets are not enough for companies to be aligned with Paris, report warns
12.05.2022 Natural Gas , Oil , International Relations , Europe , Asia , Americas

Oil prices fall as global inflation rates solicit concern

- Ongoing Covid-19 lockdowns in China, world's top crude importer, continue to weigh on oil prices as demand for fuel drops
12.05.2022 Oil , Europe , Asia , Americas

Naftogaz CEO refutes Gazprom claims of inability to change gas transit point

- Gazprom changed transit point in October 2020, says Natofaz top official
12.05.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Spot market electricity prices for Thursday, May 12

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.12 billion Turkish liras
12.05.2022 Electricity , Turkey

Spot market natural gas prices for Tuesday, May 10

- 1,000 cubic meters of natural gas on spot market costs 11,848.065 Turkish liras
12.05.2022 Natural Gas , Turkey
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